Preferred Stock Channel
PS Business Parks Inc | 6.45% Cumulative Preferred Stock, Series S (PSB.PRS)

This preferred is marked as having been called.
Prospectus excerpt:  We are selling 8,000,000 Depositary Shares each representing 1/1,000 of a share of our 6.45% Cumulative Preferred Stock, Series S. The shares of Preferred Stock represented by the Depositary Shares will be deposited with American Stock Transfer & Trust Company as depositary. As a holder of Depositary Shares, you will be entitled to all proportional rights, preferences and privileges of the Preferred Stock. We have granted the underwriters an option to purchase up to 1,200,000 additional Depositary Shares to cover over allotments.

Full Prospectus PDF », PSB Page »

Alternate symbology:PSB-S, PSB-PS, PSBprS
Call Date:1/18/2017 (Now Trading Post Call Date)
Shares Offered:8,000,000
Liquidation Preference:$25
Original Coupon:6.45%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
PS Business Parks is a self-advised and self-managed real estate investment trust that owns, operates, acquires and develops commercial properties, primarily multi-tenant industrial, flex and office space. Substantially all of Co.'s assets are held, and its business conducted, through PS Business Parks, L.P. Co. owns and operates commercial space, comprising business parks, in California, Texas, Virginia, Florida, Maryland and Washington. Co. owns flex space, representing industrial buildings that are configured with a combination of warehouse and office space and can be designed to fit a variety of uses.


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Name:  PS Business Parks Inc
Sector:  REITs
Number of ETFs Holding PSB:  62 (see which ones)
Total Market Value Held by ETFs:  $793,662,312
Total Market Capitalization:  $3,791,000,000
% of Market Cap. Held by ETFs:  20.94%

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